Samsung Electronics UK LTD SWIFT/BIC code

Samsung Electronics UK LTD SWIFT code: SECTGB21

Whether you are given SECTGB21 or SECTGB21XXX, you are looking at the identical address for Samsung Electronics UK LTD in United Kingdom. A SWIFT code tells every bank in the chain which institution is meant to get the money. You will need it mostly for transfers between countries and payments in foreign currencies.

On this page we explain what the code means, when it matters and which other details a transfer to or from Samsung Electronics UK LTD requires. Remember that the SWIFT code only identifies the bank, not the account: the IBAN or account number does that part.

About this information

Our SWIFT/BIC directory draws on public sources and we update it periodically. Banks merge, change names and retire codes – a directory can be a step behind. Counts and locations come from our directory and are not confirmed by Samsung Electronics UK LTD.

Treat this page as a starting point, rather than as the last word. GoldexPay is not affiliated with Samsung Electronics UK LTD; we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a message via the contact page.

Which of the 4 codes of Samsung Electronics UK LTD do you need?

We have 4 SWIFT/BIC codes for Samsung Electronics UK LTD. Next to the head office code SECTGB21XXX, there are codes for individual branches and departments.

If nobody asks you for a branch code, use SECTGB21XXX. Only use a branch code when the recipient explicitly asks for it.

Not sure which code applies? Check with the recipient or the bank itself. Codes are sometimes changed or retired when banks reorganise.

Sending GBP to Samsung Electronics UK LTD

The currency of United Kingdom is the British Pound (GBP). Money sent in a different currency will be converted into GBP. You rarely see a separate charge for the conversion – the cost sits in the rate.

Which bank converts the money matters, because each party uses its own rate. Check what GBP the recipient gets via several services before choosing one.

Exchange rates move all the time. For regular payments, a slightly better rate make a real difference over a year.

Do you need SECTGB21 for a SEPA transfer?

United Kingdom is a member of the SEPA area, where euro transfers follow common rules. For a standard euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need SECTGB21XXX for non-euro payments or transfers from countries outside SEPA. If your banking app has a field for the BIC anyway, adding SECTGB21 does no harm.

Euro payments within SEPA normally land within one business day, and instant transfers in seconds where both banks support them. Charges on SEPA payments tend to be low.

Paying someone abroad from your Samsung Electronics UK LTD account

An international bank payment costs more than the listed fee. Besides a fixed fee, banks in between may deduct a fee, and if currencies are converted the bank often applies a rate that is less favourable than the real market rate.

The real cost is often in the rate: many banks convert at a rate with a margin built in. Compare their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Money transfer services frequently use rates closer to the mid-market rate and lower fees. On GoldexPay you can compare the amount that arrives with different providers, which makes the cheapest option easy to spot. You can still use your account at Samsung Electronics UK LTD to fund the transfer; only the conversion and sending happen elsewhere.

Before you send: check the Samsung Electronics UK LTD code

The safest source for a SWIFT code is the recipient’s own bank details. If the code you have does not match SECTGB21 or SECTGB21XXX, do not guess: check with the recipient or with Samsung Electronics UK LTD directly.

Mistakes in the SWIFT code tend to be annoying more than fatal: often the payment comes back, minus fees. Remember the account number: an error there is more difficult to undo than a wrong BIC.

A format check by your bank merely confirms that the IBAN exists. More and more banks compare the payee name with the account before you confirm. Sending a small amount first can be worth it for a large first payment, even if it costs an extra fee.

8 or 11 characters: SECTGB21 versus SECTGB21XXX

A BIC is made up of a few fixed parts: characters one to four identify the bank, characters five and six give the country and characters seven and eight mark the location. The result is SECTGB21, the short form of the code.

Most payment forms accept either length. If a form asks for eleven characters, enter SECTGB21XXX.

Do not add spaces or dashes when you type SECTGB21; the code is always written in one block. Copying the code beats typing it by hand.

When will the money arrive at Samsung Electronics UK LTD?

An international transfer typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country add a day or more. Occasionally a bank wants to know what the payment is for before releasing it.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique transaction reference, the UETR. Money transfer services usually provide a status online so you can see how far the payment has got.

The bank that sent the money is able to start an official trace or a recall; the receiving side usually has nothing to trace yet. Request from the sender the payment receipt with the date and reference.

Receiving money from abroad at Samsung Electronics UK LTD

A sender in another country needs several details about your account, and missing ones are a common cause of delays. That means: your full name as registered with Samsung Electronics UK LTD, your account number or IBAN, the SWIFT/BIC code SECTGB21XXX and sometimes your postal address.

Their bank may also ask for the bank address of Samsung Electronics UK LTD, in which case the Chertsey head office is the usual answer. A mistake in your account number can be more trouble than it looks; copy them from your banking app rather than typing.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin applies. For business payments, it is common to agree how the fees are split to avoid a shortfall.

Protect yourself against fake payment requests

Be alert when a contact unexpectedly asks you to send money to another account or a bank in another country. A real SWIFT code says nothing about who owns the account.

Always confirm a change of bank details through a phone call. Pressure and secrecy are red flags. Acted too fast? Call the bank you paid from without delay and have them start a recall; also report it to the police.

Scams also target the receiver. Someone claims to have sent more than agreed and wants you to return the difference to a new account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.